Trump Memecoin Rally Loses Steam, Drops 11% — What You Should Know

The Official Trump memecoin pulled back sharply on Tuesday after a week of solid gains.TRUMP Retreats SharplyTRUMP fell more than 11% in the last 24 hours, cooling off a powerful rally that delivered nearly 60% gains over the past week.The coin’s trading volume fell 33% over the last 24 hours, signaling thin activity.The move came amid a broader pullback across the cryptocurrency market, with blue-chip currencies such as Bitcoin and Ethereum giving up gains from their recent highs. Read Also: Increasing Scrutiny on TRUMP MemecoinLaunched shortly before Donald Trump’s presidential inauguration in January 2025, the TRUMP memecoin hit a peak market capitalization of $9 billion. Its fully diluted valuation, accounting for Trump-linked holdings, climbed as high as $75 billion.However, the coin fell as quickly as it had risen. It has plunged 97% from its all-time highs, while its market capitalization has collapsed to $552 millionCryptocurrencyOfficial Trump24-Hour Gains +/--11.65%1-Week Gains +/-+55.64%YTD Gains +/--55.25%1-Year Gains +/--73.55%Nearly , racking up $3.8 billion in total losses through the end of June. Meanwhile, Trump himself made nearly $636 million in royalties and licensing fees related to "Celebration Coins" last year alone, according to his 2025 financial disclosure.Earlier this month, Sen. Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-CT) asked the SEC to investigate the TRUMP memecoin, calling it a potential "illegal scam."Price Action: At the time of writing, TRUMP was exchanging hands at $61,237.57, up 3.42% in the last 24 hours, according to data from Benzinga Pro. Read Also: Trump Coin, Pudgy Penguins, Pepe Among Top Gainers Last Week, But This One Coin Ran Up Over 100%: What You Should Know Photo Courtesy: Kirill Aleksandrovich Shutterstock.com